Presidential Election 2022: Behind rise in price of fuels, political battle of purchasing power

The Prime Minister Jean Castex announced on Saturday a “15 cents pump discount per liter” for all French. An emergency measure criticized by the adversaries of Emmanuel Macron to the presidential election, most of which claim price blocking.

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After the energy check, the tariff shield on gas and electricity, the inflation allowance and the enhancement of the milestone scale … Here is the “Fuel Discount”. While the war in Ukraine caused a new outbreak of prices for motorists, Jean Castex announced, Saturday, March 12 in the Parisian, a “15 cents pump discount per liter”, from the 1 er April and for four months. “Each of 60 liters, you will save 9 euros,” the Prime Minister explained.

This measure, which will cost about 2 billion euros to the state, concerns individuals such as companies (farmers, craftsmen, construction, road …) and will be “valid on all fuels”. The delivery will take place at the time of payment, in cash or at the pump, and will not be visible from the outset on the prices displayed, detailed the head of government. The state “will then reimburse the distributors, said Castex, explaining that on tax revenues from rising prices (VAT and TICPE)” Everything is returned to the French “.

In a high inflation context in recent months, and while about 24 billion euros have already been spent in support of the purchasing power of the French since the fall, the executive hoped to do without A new measure. No question of taking out the checkbook at a few weeks of the presidential election of the 10th and 24th of April, it was repeated to Bercy as in Matignon, while the inflation indemnity (a check of 100 euros paid to 38 million people, or near. 4 billion euros in total) has just been granted to the latest beneficiaries.

A political answer

The inflation shock caused by the Russian invasion has done everything derail. “Do you see me say” Circulate, there is nothing to see! “Because there is an election in less than thirty days? It’s not my conception of my responsibility,” replied Castex in the Parisian. “If we need to continue, we will continue” efforts to “protect our fellow citizens”, he said on March 3, announcing a “plan of economic and social resilience” to deal with the consequences of the conflict in Ukraine. On March 7, in Poissy, in front of the French, Emmanuel Macron had ensured that government aid on the essence would be “improved (…) because it’s just and that it must be done.” Remained to find a sufficiently targeted measure, trying not to overcome the flank to the accusations of reactivating the “whatever cost”. The past week’s inflation peak has accelerated the announcement, originally scheduled for the presentation of the plan, by a few days. And submitted the goal to first address the most modest and large roller. “With an exceptional situation, exceptional measure,” said the Minister of Bruno Economy the Mayor, Monday, March 14 on LCI.

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/Media reports.